# The following balance sheet is for a local partnership in which the partners have become very unhappy with each other.

 The following balance sheet is for a local partnership in which the partners have become very unhappy with each other.
 Cash \$  41,000 Liabilities \$  31,000 Land 135,000 Adams, capital 84,000 Building 125,000 Baker, capital 30,000 Carvil, capital 62,000 Dobbs, capital 94,000 Total assets \$301,000 Total liabilities and capital \$301,000
 To avoid more conflict, the partners have decided to cease operations and sell all assets. Using this information, answer the following questions. Each question should be viewed as an independent situation related to the partnership’s liquidation.
 a. The \$10,000 cash that exceeds the partnership liabilities is to be disbursed immediately. If profits and losses are allocated to Adams, Baker, Carvil, and Dobbs on a 2:3:3:2 basis, respectively, how will the \$10,000 be divided?
 Adams 0 Baker 0 Carvil 0 Dobbs \$10,000
 b. The \$10,000 cash that exceeds the partnership liabilities is to be disbursed immediately. If profits and losses are allocated on a 2:2:3:3 basis, respectively, how will the \$10,000 be divided?
 Adams \$10,000 Baker 0 Carvil 0 Dobbs 0
 c. The building is immediately sold for \$71,000 to give total cash of \$112,000. The liabilities are then paid, leaving a cash balance of \$81,000. This cash is to be distributed to the partners. How much of this money will each partner receive if profits and losses are allocated to Adams, Baker, Carvil, and Dobbs on a 1:3:3:3 basis, respectively? (Do not round intermediate calculations.)